Exam 1 breanna morrow - Study guides, Class notes & Summaries
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ACCT 341 Exam 1 Breanna Morrow Questions/Answers (Latest Grade )
- Exam (elaborations) • 12 pages • 2021
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Breanna Morrow Professor Hollies 
Mercy College- Accounting Program ACCT 341- Exam #1 
 
Part I- True/False Questions (20 points). 
 
1.	The United States Federal government has a provision in the Constitution which precludes deficit spending. 
a.	True b. False 
 
2.	Longer class lives for depreciable property and the required use of straight- line method of depreciation would likely dampen the tax incentive for purchasing capital assets. 
a.	True 
b.	False 
 
3.	The favorable treatment of resea...
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